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NEW YORK - J.Jill Inc. (NYSE:JILL) reported better-than-expected fourth quarter results on Wednesday.
The company’s shares edged -0.59% lower as the women’s apparel retailer provided a cautious outlook for the coming year.
The company posted adjusted earnings per share of $0.32, surpassing analyst estimates of $0.21. Revenue came in at $142.8 million, slightly above the consensus forecast of $142.33 million. However, sales declined 4.9% YoY, impacted by the loss of an extra week in the prior year period.
For the first quarter of fiscal 2025, J.Jill expects net sales to decline 1% to 4% YoY and comparable sales to fall 2% to 5%. The company cited difficult comparisons and negative impacts from adverse February weather.
Looking ahead to full-year fiscal 2025, J.Jill forecasts net sales growth of 1% to 3% and comparable sales ranging from flat to up 2%. Adjusted EBITDA is projected between $101 million to $106 million.
"Although this year was not without challenges as we continued to navigate a dynamic macro environment, I am proud of all that the team has accomplished," said CEO Claire Spofford.
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